Form 4: TriplePoint Growth BDC President Buys TPVG Shares

TriplePoint Venture Growth BDC Corp.'s President and CIO, Sajal Srivastava, acquired 54,000 shares of common stock through a Rule 10b5-1 plan in December 2025.

Summary

• Sajal Srivastava, President and CIO of TriplePoint Venture Growth BDC Corp. (TPVG), acquired a total of 54,000 shares of the company's common stock.
• The purchases occurred in two separate transactions: 25,000 shares on December 18, 2025, at a price of $6.3019 per share, and 29,000 shares on December 19, 2025, at a price of $6.2506 per share.
• These transactions were executed indirectly by TriplePoint Capital LLC, pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on November 6, 2025.
• Following these transactions, Sajal Srivastava's indirect beneficial ownership through TriplePoint Capital LLC stands at 1,594,978 shares.
• Additionally, Srivastava directly beneficially owns 301,383.98 shares of common stock, which includes shares received via TPVG's dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The President and CIO's acquisition of a significant number of shares, even if pre-scheduled, generally signals confidence in the company's future prospects.

Positives

• President and CIO Sajal Srivastava increased his indirect beneficial ownership in TPVG by 54,000 shares, signaling management's confidence in the company's prospects.
• The purchases were made at prices of $6.3019 and $6.2506 per share, representing a direct investment by a key executive.

Future Outlook

NA

Management Comments

• The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all or any of the reported shares for purposes of Section 16 or for any other purpose.
• The reported purchase of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by TriplePoint Capital LLC on November 6, 2025.

Industry Context

This Form 4 filing details an insider transaction, which is specific to the company and its executive, rather than reflecting broader industry trends or competitive dynamics.

Related Party Transactions

• Sajal Srivastava, President and CIO, indirectly acquired shares through TriplePoint Capital LLC, which adopted the Rule 10b5-1 trading plan. This constitutes a related party transaction as TriplePoint Capital LLC is associated with the reporting person.

Stakeholder Impact

• Shareholders may view the insider purchases as a positive signal of management confidence, potentially influencing investor sentiment and perception of the company's value.

Key Dates

Recommendation

The insider purchases by the President and CIO, even if pre-scheduled under a 10b5-1 plan, generally indicate management's confidence in the company's valuation and future. However, a Form 4 alone does not provide sufficient information for a 'buy' recommendation without further fundamental analysis of the company's financial performance and market conditions. It's a positive signal, suggesting a 'hold' for existing investors and a signal for potential investors to conduct further due diligence.

Keywords

TPVG, TriplePoint Venture Growth BDC, Sajal Srivastava, insider trading, stock purchase, Form 4, Rule 10b5-1